Market Overview

The Global Residue Testing Market was valued at USD 5,122.9 million in 2023 and is expected to reach USD 8,415.0 million by 2031 while growing at a CAGR of 6.4% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global residue testing market growth. Residue testing analyzes food, agricultural products, and environmental samples to detect and quantify harmful substances like pesticides, herbicides, and contaminants. It ensures compliance with standards, safety, and suitability for consumption or use.

Increasing stringent regulatory standards and global food trade drive residue testing market growth, but obstacles like high testing costs and analytical procedure complexity may impede expansion.

Furthermore, the global residue testing industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Type Analysis

The Global Residue Testing Market is segmented among Pesticides, Heavy Metals, Toxins, Allergens, and Others, based on Product Type. In 2023, Pesticides accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Technology Analysis

The Global Residue Testing Market is segmented among HPLC-based, LC-MS/MS-based, Immunoassay-based, and Other Technology, based on Technology. In 2023, HPLC-based accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Residue Testing Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are TUV SUD, Eurofins Scientific, NSF International, SGS Group, Bureau Veritas, Intertek, Merieux Nutrisciences, ALS Limited., Asurequality Limited, and AB Sciex, LLC.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Residue Testing Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Residue Testing Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Residue Testing Market Segmentation, By Product Type

• Global Residue Testing Market Share Analysis, By Product Type

• Global Residue Testing Market Growth Analysis, By Product Type

• Global Residue Testing Market Trends, By Product Type

o Pesticides

o Heavy Metals

o Toxins

o Allergens

o Other

6. Global Residue Testing Market Segmentation, By Technology

• Global Residue Testing Market Share Analysis, By Technology

• Global Residue Testing Market Growth Analysis, By Technology

• Global Residue Testing Market Trends, By Technology

o HPLC-based

o LC-MS/MS-based

o Immunoassay-based

o Other Technology

7. Global Residue Testing Market Segmentation, By Application

• Global Residue Testing Market Share Analysis, By Application

• Global Residue Testing Market Growth Analysis, By Application

• Global Residue Testing Market Trends, By Application

o Feed and Pet Food

o Agricultural Crops

o Food

Ø Meat and Poultry

Ø Dairy

Ø Fruits and Vegetables

Ø Processed Food

Ø Other Foods

8. Global Residue Testing Market Segmentation, By Region

• Global Residue Testing Market Share Analysis, By Region

• Global Residue Testing Market Growth Analysis, By Region

• Global Residue Testing Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

9. Competitive Landscape

• TUV SUD*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Eurofins Scientific

• NSF International

• SGS Group

• Bureau Veritas

• Intertek

• Merieux Nutrisciences

• ALS Limited.

• Asurequality Limited

• AB Sciex, LLC

 *Similar analysis will be provided for each company listed above.